Invacare Corporation (IV3.F)
- Benzinga
Invacare Files For Chapter 11, But Expects To Continue Focusing On Home-Care Products
Invacare Corporation (NYSE: IVC) entered into a “Restructuring Support Agreement” (RSA) with substantially all its debt holders. It includes its term loan lender, all holders of convertible senior secured notes, and holders of most convertible senior unsecured notes. The RSA transactions include a reduction of Invacare’s funded debt by approximately $240 million. It also includes a backstop for a rights offering to holders of claims, providing Invacare with $60 million in equity capital, allowin
- American City Business Journals
Invacare files for bankruptcy
The Elyria, Ohio-based medical equipment maker and distributor has worked out a restructuring support agreement with "substantially all of its debt holders" prior to the bankruptcy filing.
- MarketWatch
Invacare files for bankruptcy, but expects to keep making and delivering home-care products
Invacare Corp. (IVC) said Wednesday it and two of its U.S.-based subsidiaries have filed for bankruptcy, as it implements a refinancing aimed at reducing net debt by about 65%. The Ohio-based company, which makes at-home and long-term care medical products used to promote recovery, said it will continue to pay its suppliers, and doesn’t expect the bankruptcy to hurt its ability to make and deliver products.
